Zynga home to sell at sizable loss?

Though the jury is still out on the investment potential Zynga stock may offer, Zynga’s founder, Mark Pincus, is taking an $880K hit on his Cole Valley home.

The Pincus family bought this pad back in halcyon days of pre-bust real estate, when the millions of dollars were flying around quite a bit faster than they are today. 1572 Shrader, at that time, went for $2,850,000. Mr. Pincus is married to Alison Pincus, who’s co-founder of the One King’s Lane design business; and hers is clearly the major influence driving the property’s extensive remodel. And even if you don’t go in for optical illusion rugs and lime green furniture, you can see the Pincus family must have dropped several additional dollars in the transformation. And, let’s agree: Cole Valley is a fabulous neighborhood.

Originally listed at $2,189,000 (already a loss), the property is now pending– at $1,970,000. Somehow we think the Pincus family will survive the loss. In the meantime, if you’re not the potential buyer, take a look at what you missed.